Nutanix (NTNX) Receives New Coverage from Analysts at OTR Global

OTR Global started coverage on shares of Nutanix (NASDAQ:NTNX) in a research report sent to investors on Thursday morning, The Fly reports. The firm issued a neutral rating on the technology company’s stock.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group boosted their price target on shares of Nutanix from $42.00 to $49.00 in a report on Thursday, March 21st. Bank of America reissued a buy rating and issued a $51.00 price target (down from $63.00) on shares of Nutanix in a report on Friday, March 1st. BTIG Research cut their price target on shares of Nutanix to $50.00 and set a buy rating on the stock in a report on Friday, March 1st. Needham & Company LLC reissued a buy rating and issued a $63.00 price target (down from $76.00) on shares of Nutanix in a report on Friday, March 1st. Finally, Maxim Group cut their price target on shares of Nutanix from $72.00 to $62.00 and set a buy rating on the stock in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $53.31.

Shares of NASDAQ NTNX traded down $1.10 during trading on Thursday, hitting $38.25. The stock had a trading volume of 132,596 shares, compared to its average volume of 2,900,014. Nutanix has a 12 month low of $32.52 and a 12 month high of $64.87. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.55 and a quick ratio of 2.55. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of -22.64 and a beta of 1.07.



Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, February 28th. The technology company reported ($0.55) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.57) by $0.02. Nutanix had a negative net margin of 31.41% and a negative return on equity of 90.83%. The firm had revenue of $335.36 million during the quarter, compared to analyst estimates of $331.04 million. On average, research analysts anticipate that Nutanix will post -2.95 EPS for the current fiscal year.

In other news, COO David Sangster sold 7,917 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $35.99, for a total transaction of $284,932.83. Following the sale, the chief operating officer now directly owns 7,917 shares in the company, valued at $284,932.83. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Mcadam sold 15,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $40.00, for a total value of $600,000.00. Following the sale, the director now owns 54,024 shares in the company, valued at $2,160,960. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,049 shares of company stock worth $1,385,135. Insiders own 14.57% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of Nutanix by 228.6% in the fourth quarter. Parallel Advisors LLC now owns 782 shares of the technology company’s stock worth $32,000 after purchasing an additional 544 shares during the last quarter. First Hawaiian Bank bought a new position in Nutanix during the fourth quarter valued at approximately $35,000. Tortoise Index Solutions LLC bought a new position in Nutanix during the first quarter valued at approximately $37,000. Neuburgh Advisers LLC grew its position in Nutanix by 230.0% during the first quarter. Neuburgh Advisers LLC now owns 1,056 shares of the technology company’s stock valued at $40,000 after acquiring an additional 736 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in Nutanix by 26.6% during the fourth quarter. Advisory Services Network LLC now owns 1,203 shares of the technology company’s stock valued at $50,000 after acquiring an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Nutanix Company Profile

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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The Fly

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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